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Compensation & Benefits

Federal contractor? Beware OFCCP audits

When a company signs a contract to perform work for the federal government, it agrees that the Department of Labor’s Office of Federal Contract Compliance Programs can conduct routine audits of its labor practices. Those audits can be far-reaching—and if some form of discrimination is uncovered, the DOL is empowered to bring charges.

DOL to offer online training on prevailing wage compliance

The U.S. Department of Labor will offer online compliance seminars for contracting agencies, contractors, unions, workers and other stakeholders to provide information on the requirements governing payment of prevailing wages on federally funded construction and service contracts.

Counter grads’ unrealistic pay expectations

Start by explaining what you and other employers are paying current and new employees. Then spell out the value of non-cash compensation you provide.

The next recruit/retain perk? Free health insurance

With cutthroat competition among employers to attract new employees and keep current staff from defecting, a once-unthinkable benefit is beginning to emerge: health insurance that is truly employer-provided.

More companies vow to cover abortion travel costs

In the wake of recent limits on abortions at the state level and an expected Supreme Court ruling that would speed up those state restrictions, some large employers are saying they will cover travel costs for employees who have to leave their state to find an abortion provider.

Help returning workers handle sticker shock

You probably can help returning employees by subsidizing some of the higher costs associated with coming into the office. Here are some ideas to consider.

DOL sessions suggest OT rule change is coming

In a sign that the Biden administration is moving forward with plans to raise the overtime salary threshold for white-collar employees, the Department of Labor is holding a series of “listening sessions” to gather employer and employee feedback on revising the Fair Labor Standards Act’s exemptions for executive, administrative and professional employees.

Kids these days: ‘Here’s how much I get paid’

Talking about how much one earns used to be considered taboo both at work and in social settings. That’s changing.

Survey: Employers address health care affordability

Almost all U.S. employers—94%—say managing health care benefit costs will be their top priority over the next two years, followed by enhancing mental health benefits (87%), according to a new survey by Willis Towers Watson.

Inflation effect: HSA contribution limits to increase in 2023

The IRS has announced a significant jump in the amount employees can contribute to health savings accounts that are tied to high-deductible health plans. It’s tacit recognition from the federal government that the inflation that has rocked the economy will probably continue well into 2023.